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Nzdusdforecast

NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS#NZDUSD - Currently NZDUSD is going down very fast. The reason for that is the VIX UP and the strength of the dollar. Due to MARKET RISK OFF in the previous few days, COMMODITIES were also sold down very fast. Because of that, every NZD BASED CURRENCY PAIR was SOLD. - Thus COMMODITIES are going down. It also affects the NZD very strongly. The weak currency of CURRENCY STRENGTH was the New Zealand dollar last week. RBNZ made a RATE HIKE today. Everyone knew for a long time that the RBNZ would do a RATE HIKE. Therefore, NZD did not get much attraction at that time. - Anyway, NZDUSD can move further until it reaches 0.5999 LEVEL. And after that, if the MARKETS RISK is ON, you can definitely BREAK the TREND LINE above the NZDUSD and BUY until it reaches the 0.6500 LEVEL. Keep an eye on STOCKS, COMMODITIES, VIX, DXY, MARKET SENTIMENT. Then we can get very good ENTRIES.
by benny_marshall
NZDUSD - CURRENT SITUATION AND TECHNICAL BIAS- NZD FEATURE is currently slightly UP. The main reason for this is the UPA in occasional COMMODITIES and some weakness in the USD. Also, MARKETS RISK ON can be cited as a reason for us to become NZD UP. The POSITIVE SENTIMENT for USD has not diminished yet. But from time to time DXY CORRECTION is happening. The NZD FEATURE stands at 0.6522 LEVEL. The DXY is currently slightly up to 101.94. According to the MARKET SENTIMENT and the USD is currently slightly WEAK. Priced above NZDUSD DYNAMIC LEVELS. - STOCKS are currently DOWN. And VIX is becoming DOWN. Also COMMODITIES OVERALL DOWN. Also BONDS PRICES are becoming NEUTRAL. Also BONDS SPREADS are DOWN. Currently the MARKET RISK ON status is heavy. So definitely create a UP TREND for AUD CAD NZD and a DOWN TREND for JPY CHF USD. - NZDUSD PRICE can be UP to 0.6720 LEVEL before DOWN. Then it can be DOWN to 0.6198 LEVEL. Buying NZDUSD is a bit risky if VIX is UP. So stay tuned with MARKET UPDATES.
by benny_marshall